How Much Does 2004 Chevrolet Malibu Car Insurance Cost?

Want the cheapest car insurance rates for your Chevrolet Malibu? Are you sick and tired of trying to scrape together enough money to buy car insurance? You are no different than millions of other consumers.

Since consumers have many options, it can be impossible to choose the most cost effective company.

More discounts equal less premium

Companies don’t always publicize all available discounts very clearly, so we took the time to find both well-publicized and also the lesser-known savings tricks you should be using.

  • New Car Discount – Putting insurance coverage on a new car is cheaper because new vehicles have to meet stringent safety requirements.
  • Club Memberships – Participating in a professional or civic organization could qualify you for a break when shopping for car insurance on Malibu coverage.
  • Military Rewards – Having a deployed family member could be rewarded with lower premiums.
  • Federal Employees – Active or retired federal employment can save as much as 8% on Malibu coverage with certain companies.
  • Life Insurance Discount – Larger companies have a discount if you purchase life insurance from them.

Keep in mind that most credits do not apply to your bottom line cost. Most only apply to specific coverage prices like medical payments or collision. So even though it sounds like it’s possible to get free car insurance, you won’t be that lucky.

A partial list of companies who might offer these money-saving discounts include:

It’s a good idea to ask all companies you are considering which discounts you may be entitled to. Savings may not apply in your state.

How to Lower Your Insurance Cost

Most major insurance companies provide coverage prices online. Obtaining pricing is pretty easy as you just enter your personal and coverage information as requested by the quote form. After you complete the form, their rating system automatically orders your driving and credit reports and returns pricing information. Online price quotes makes comparing rates easy, but having to visit different websites and fill out multiple forms can be a bit tiresome and repetitive. But it is imperative to do this in order to find the lowest price.

Compare rates the easy way

The smarter way to find lower prices utilizes a single form that gets price quotes from several different companies. It’s a real time-saver, helps eliminate reptitive entry, and makes rate comparisons much more efficient. As soon as the form is sent, your coverage is rated with multiple companies and you can pick any or none of the price quotes you receive. If one or more price quotes are lower than your current rates, you can simply submit the application and buy the policy. This process takes just a few minutes to complete and you will find out if you’re overpaying now.

To quickly get comparison pricing now, click here to open in new window and enter your information. If you currently have coverage, we recommend that you enter deductibles and limits just like they are on your policy. Doing this assures you’re receiving a rate comparison for similar insurance coverage.

Chevy Malibu insurance premiums are calculated by many factors

Smart consumers have a good feel for the different types of things that go into determining the price you pay for insurance coverage. Knowing what controls the rates you pay enables informed choices that can help you get better insurance coverage rates.

  • Do you need the policy add-ons? – There are a ton of add-on coverages that you can get tricked into buying when buying insurance coverage. Coverages like roadside assistance, accidental death and additional equipment coverage are examples of these. These coverages may sound good initially, but now you might not need them so get rid of them and save.
  • What are your deductibles? – Physical damage deductibles represent how much money you are willing to pay out-of-pocket before your insurance coverage pays a claim. Physical damage coverage, termed comprehensive and collision coverage on your policy, is used to repair damage to your car. Examples of covered claims would be colliding with a building, damage from fire, or theft. The more money you’re willing to pay, the less your company will charge you for insurance on Malibu coverage.
  • Credit scores impact insurance coverage rates – Having a bad credit rating is a large factor in determining your rates. Drivers with high credit scores tend to file fewer claims and have better driving records as compared to drivers with poor credit. If your credit rating can use some improvement, you could save money insuring your 2004 Chevrolet Malibu by improving your rating.
  • Drive a safer car and pay less – Cars with high safety ratings get lower rates. Safe vehicles have better occupant injury protection and any reduction in injury severity translates into savings for insurance companies and lower rates for you. If your Chevy Malibu has ratings of a minimum four stars on Safercar.gov you are probably receiving a discount.
  • Save money with special equipment – Owning a car with an alarm system can get you a discount on your insurance coverage. Theft prevention devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can help prevent your car from being stolen.

It’s not one size fits all

When choosing the right insurance coverage for your vehicles, there isn’t really a cookie cutter policy. Your needs are not the same as everyone else’s so your insurance needs to address that. These are some specific questions may help highlight if your situation might need professional guidance.

  • Does medical payments coverage apply to all occupants?
  • How much liability coverage do I need in my state?
  • Does my personal policy cover me when driving out-of-state?
  • How can I find cheaper teen driver insurance?
  • What are the financial responsibility laws in my state?
  • Will my insurance pay for OEM parts?
  • Does coverage extend to my business vehicle?
  • Why am I required to get a high-risk car insurance policy?
  • Is my custom paint covered by insurance?

If you can’t answer these questions but you know they apply to you, then you may want to think about talking to an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of insurance companies in your area.

Specifics of your insurance policy

Understanding the coverages of a insurance policy can be of help when determining the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. Below you’ll find the normal coverages offered by insurance companies.

Liability

This coverage will cover damage or injury you incur to other’s property or people in an accident. This insurance protects YOU against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 50/100/50 which stand for a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.

Liability insurance covers claims like legal defense fees, bail bonds, emergency aid and repair costs for stationary objects. How much coverage you buy is a personal decision, but buy higher limits if possible.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your 2004 Chevy Malibu.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses such as surgery, nursing services, doctor visits and prosthetic devices. They are often used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers you and your occupants as well as being hit by a car walking across the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Collision protection

Collision insurance pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things like backing into a parked car, driving through your garage door, scraping a guard rail and hitting a parking meter. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to get cheaper collision coverage.

Comprehensive (Other than Collision)

This will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like vandalism, hitting a bird and rock chips in glass. The most a insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Stretch your dollar

The cheapest 2004 Chevy Malibu insurance is possible from both online companies in addition to many insurance agents, and you should be comparing both so you have a total pricing picture. Some insurance providers do not provide the ability to get a quote online and many times these smaller companies only sell through independent insurance agents.

As you shop your coverage around, you should never skimp on critical coverages to save a buck or two. There are a lot of situations where consumers will sacrifice full coverage only to regret that the savings was not a smart move. Your goal should be to buy a smart amount of coverage at the best price.

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